Monday, August 16, 2010

Who should submit Income Tax Return ?

•If total income of any individual other than female taxpayers, senior taxpayers of 70 years and above and retarded taxpayers during the income year exceeds Tk 1,65,000/-.
•If total income of any female taxpayer, senior taxpayer of 70 years and above and retarded taxpayer during the income year exceeds Tk 1,80,000/-.
•If any person was assessed for tax during any of the 3 years immediately preceding the income year.
•A person who lives in any city corporation/paurashava/divisional HQ/district HQ and owns a building of more than one storey and having plinth area exceeding 1,600 sq. feet/owns motor car/owns membership of a club registered under VAT Law.
•If any person subscribes a telephone.
•If any person runs a business or profession having trade license.
•Any professional registered as doctor, lawyer, income tax practitioner, Chartered Accountant, Cost & Management Accountant, Engineer, Architect and Surveyor etc.
•Member of a Chamber of Commerce and Industries or a trade Association.
•Any person who participates in a tender.
•A person who has a Taxpayer's Identification Number (TIN).
•Candidate for Union Parishad, Paurashava, City Corporation or Parliament.

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